Cheap Talk and Burned Money
نویسندگان
چکیده
W e augmentthe standard Crawford-Sobel(Econometrica 1 982) modelofcheap talkcommunication byallowingthe informed party tousebothcostlessandcostlymessages.Theissuesonwhichwefocus aretheconsequences forcheap talksignalingoftheoption tousea costlysignal(\ burnedmoney");thecircumstances underwhichboth cheap talkandburnedmoneyareusedtosignalinformation;andthe extenttowhichburningmoneyis thepreferred instrumentforinformationtransmission.
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ورودعنوان ژورنال:
- J. Economic Theory
دوره 91 شماره
صفحات -
تاریخ انتشار 2000